Get expert opinion. This is the place for new questions to be posted.
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Brightside
- Posts: 9
- Joined: Tue Jun 29, 2010 9:41 pm
- Location: United Kingdom
I've just been doing my annual review and worked out my surplus is now only £119
We were paying £200 a month which we had reduced by 15% to £170 when I went on maternity leave. Now I'm worried that we will fail the IVA because my surplus has dropped so low. Is there a minimum payment that can be made?
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Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
Hi,
There are some firms that are happy with £100 DI but you need to speak to your IP and explain things and see if they are happy with the drop.
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Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
- Location:
Just fill in the paperwork accurately and request a telephone meeting with your IP to discuss and hopefully things can carry on. Hope it works out for you.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
Ensure the I&E truley reflects all expenses and speak with your IP to find a solution - let us know how you get on x
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Look at my blog "All I wanted was a baby"
